SBI drafted in-principle agreement with Adani in 2014 for $1bn facility & brought in several banks for funding as part of consortium. The plan has had several iterations since then.
Adani will lose around $220 million a year if the Carmichael coal project goes through. Which raises the question, why is everyone adamant that it goes ahead?
While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.
In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
Reasons could be:
1. DUE DELEGENCE and proper evaluation of the risks considering the local resistance from climate activists.
2. WAITING FOR THE RIGHT KICK BACK
3. NO CALL FROM PMO.
In-principle sanction has no significance. Such sanctions are issued regularly to many applicants. For Housing Loan applicants such in-principle sanction are issued online. But final sanction is made after verifying all the details. SBI is right being cautious while giving final sanction to the proposed loan of USD 1 billion. Considering all the adverse features mentioned in the article, SBI should have courage to reject the application outright.
Reasons could be:
1. DUE DELEGENCE and proper evaluation of the risks considering the local resistance from climate activists.
2. WAITING FOR THE RIGHT KICK BACK
3. NO CALL FROM PMO.
In-principle sanction has no significance. Such sanctions are issued regularly to many applicants. For Housing Loan applicants such in-principle sanction are issued online. But final sanction is made after verifying all the details. SBI is right being cautious while giving final sanction to the proposed loan of USD 1 billion. Considering all the adverse features mentioned in the article, SBI should have courage to reject the application outright.